“The economy’s not going to have a double dip,” if companies selling new technologies create jobs and the Fed maintains an “accommodative” monetary policy, Brian Wesbury, chief economist at First Trust Portfolios LP told Bloomberg radio Wednesday. According to Wesbury, what the economy really needs “is the creative side of the creative destruction”.
“We’re getting the destruction of jobs due to productivity”, he said. “What we need is the creation.”- Bloomberg
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